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Rubber price touches another high in State

Raviprasad Kamila


Highest price ever for this quality of rubber

in the State

Growers feel the current price may not continue for long


— Photo: Raviprasad kamila

LUCRATIVE:File photo of a rubber plantation at Neriya in Belthangady taluk of Dakshina Kannada.

MANGALORE: The price of ribbed smoked sheet (RSS) grade IV rubber in the State has increased by about Rs. 38 a kg in the past four months, touching Rs. 180.75 a kg on Friday. The price was Rs. 143 a kg on March 2.

Sridhar G Bhide, president, Belthangady Taluk Rubber Growers' Marketing and Processing Cooperative Ltd., Ujire, told The Hindu that this was the highest price ever for this quality of rubber in the State.

He said that the society on Friday paid Rs. 181.25 a kg for RSS grade III rubber, which is superior to grade IV. He said that a majority of growers in the State produced grade IV and grade III rubber.

Radhakrishna Hebbar, a prominent rubber grower from Neriya in Belthangady taluk, however, wondered how long this price would be sustained.

He cited the prices of vanilla and coconut, which had fallen now after commanding good prices.

Mr. Bhide, who is also president of the Karnataka Rubber Belegarara Hitarakshana Vedike, said that he had learnt from certain sources that steep hike in the price of rubber was due to the impact of the futures market. Traders had quoted Rs. 190 a kg for quality rubber. As the futures market did not involve physical trading, arrivals would come down immediately after the traders quoted higher prices. Hence, the regular market price of rubber had also shot up for want of rubber.

Narayana Swamy, Deputy Rubber Production Commissioner, Rubber Board, Mangalore, said that about 35,000 hectares of land was under rubber cultivation in the State.

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